"Is this acceptable practice" - I'm guessing it might be frowned upon in a production shop where efficiency matters. For our hobby shops, most of us are working with limited space and dollars, so the best tool for the job is the one we have on hand. A rotary table can do just fine as a dividing head, especially if you work out the degree progressions in advance for each desired division. Even if you have a dividing head with a full set of plates, you may still have to use the rotary table for oddball divisions.
I personally have been regularly at fault for the opposite "unacceptable practice". Despite having a rotary table, dividing head and an index head, I reach for my rotary table as a last resort, and use the dividing head for many operations that would normally be more suited to a rotary table. The reason being, my dividing head and index heads (both used Hardinge's) give far higher precision with no fuss or muss than I can get with my made in China rotary table. Before acquiring the dividing head, I made do just fine with the rotary table.